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Central Bank of Hungary (MNB)

Rate decisions this week

Majority of central banks to vote this week hold rates constant though dissent voiced in the US and South Africa; Philippines and India tighten, Hungary loosens

Hungary split on cut

Rate-setters from the National Bank of Hungary were divided over the size of the cut required, according to minutes of the October policy meeting

Smaller MPCs rely more on staff views

The use of staff-policy recommendations by central banks' monetary policy committees is negatively related to the size of the rate-setting board, research published by the National Bank of Hungary finds.

EBRD appoints Mirow as chief

Thomas Mirow, the state secretary of the German Finance Ministry, will replace Jean Lemierre as head of the European Bank for Reconstruction and Development, the development bank for most of Central and Eastern Europe.

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